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Title
IV School Code
005500 |
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Title
IV School Code
005500 |
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The Financial Aid staff at Manhattan Area Technical College is dedicated to assisting students with the process of applying for and receiving their financial aid.
The first step in determining your eligibility for Title IV Federal Financial Aid (Pell Grant, SEOG Grant, Work Study and Stafford Student Loans) is to complete the Free Application for Federal Student Aid (FAFSA). You can do this by completing the paper FAFSA (available through MATC or a high school counselor) or you can complete the FAFSA electronically at www.fafsa.ed.gov. Although MATC has no priority deadline you should complete the FAFSA as early as possible. For the results of your FAFSA to be processed by MATC, you must have submitted an admissions application.
For students to be eligible for Title IV aid at MATC you must be:
enrolled in a Technical Certificate or Associate of Applied Science degree program
All financial aid, with the exception of Federal Work Study and the Federal Parent PLUS Loan, is applied directly to a student's account on a semester basis. After tuition and fees are paid, any remaining credit balance will be returned to the student.
Title IV Federal Aid available at MATC
Federal Pell Grant - A
need-based grant program for students who have not earned a Bachelor's degree.
A student's eligibility is determined by their enrollment status and their
Expected Family Contribution (EFC). The EFC is determined by the completion
of the FAFSA. Awards range from
$400 - $4050 per academic year.
Federal Supplemental Opportunity Grant (SEOG) - A need-based grant program for students with exceptional financial need giving priority to students eligible for Federal Pell Grant who have not earned a Bachelor's degree. Awards at MATC range between $100 - $500 and are disbursed during the spring semester.
Federal Work Study (FWS) - A program that provides jobs for students with financial need. Students are placed in specific jobs both on and off campus. Students are allowed to work a maximum of 20 hours per week at $6.50 per hour. Students are paid according to MATC payroll procedures.
Federal Stafford Student Loans - A low interest loan program available to both students and their parents. A dependent student (for the purpose of Title IV Federal financial aid a student is considered dependent if their parent(s) were required to include their information on the FAFSA) can borrow up to $2625 as a freshman and $3500 as a sophomore. An independent student can borrow up to $2625 and $4000 additional unsubsidized as a freshman and $3500 plus $4000 additional unsubsidized as a sophomore. Whether the $2625 and $3500 are subsidized or unsubsidized is determined by the MATC Financial Aid office based on the results of the FAFSA, the program cost of attendance and other aid the student is receiving.
Subsidized Loans - A need-based loan where the interest is paid by the federal
government while the student is enrolled at least half time and for a 6 month grace
period after leaving school or dropping below half time. Repayment on this loan also
begins 6 months after the student leaves school or drops below half time enrollment
status. For 2006 -2007 the interest rate is 6.8%.Unsubsidized Loans - A non need-based loan where the interest is the responsibility
of the student from the time the loan is disbursed until it is paid in full. The student
has the option of paying the interest as it accrues or capitalizing it on the loan.
Repayment of the loan begins 6 months after the student leaves school or drops
below half time. For 2006-2007 the interest rate is 6.8%.Parent PLUS Loan - A non need-based loan available to parents and/or step-
parents with a good credit history to assist with educational expenses of a
dependent student. (For the purpose of Title IV Federal financial aid a student is
considered dependent if their parent(s) were required to include their information on
the FAFSA). The interest begins to accrue at the time the loan is disbursed and is
the responsibility of the parent. Payment on the loan begins within 60 days of the
second disbursement and is also the responsibility of the parent who took out the
loan. For 2006-2007 the interest rate is 8.5% and loan fees up to 4% may be
deducted by the lender and/or guarantor at disbursement. Funds are disbursed in
two disbursements, half each semester. A parent can apply through MATC or online
at www.salliemae.com/parent_answer/decide/apply_for_loans/plus.html.
Scholarships
MATC Merit Scholarship - Each semester, MATC awards $500 scholarships to those deserving students beginning their program of study. Awards, which are determined according to applicant academic records and leadership qualities, are designed to recognize those individuals having excelled in their respective pursuits. Applications are mailed with Orientation information or online at www.matc.net/aidforms.htm. Prospective students must have been admitted to MATC prior to being considered for the MATC Merit scholarship. Application deadlines are June 1 for students beginning in the fall semester and December 1 for those beginning in the spring semester.
Additional MATC scholarship opportunities will be available throughout the year at MATC. Notification of those scholarships will be posted on campus and via student email accounts.
Kansas Board of Regents Vocational Education - This $500 scholarship was established to provide financial assistance to full-time students who enroll in Kansas vocational programs. You must be a Kansas resident, a graduate from an accredited high school or Kansas GED, and take the designated vocational scholarship test. An application is available at MATC, your high school counselor, or online at www.kansasregents.org/financial_aid/awards.html.
Kansas Nursing Service Scholarship
- This scholarship was established to provide financial incentives for
students to pursue nursing as a field of study and to practice nursing in
Kansas with an emphasis on rural areas. You must be a Kansas resident, admitted
to an eligible nursing program, enrolled full-time, must secure sponsorship
of an eligible Kansas medical provider, complete the Free Application for
Federal Student Aid, and complete the Financial Aid Sources for Kansas Students
form. The award is $2500 for Practical Nursing and $3500 for Associate Degree
Nursing. An application is available at MATC or online at www.kansasregents.org/financial_aid/awards.html.
Other Scholarship Opportunities
Army Emergency Relief Education Programs - www.aerhq.org
Global Automotive Aftermarket Symposium - www.globalsymposium.org
Hispanic Scholarships - www.hispanicscholarship.com/
Sallie Mae Scholarship Program - www.thesalliemaefund.org
United Negro College Fund - www.uncf.org
USA Funds - www.usafunds.org
Scholarship search sites - www.fastweb.com,
www.scholarships.com
Community Organizations - American Legion Auxiliary, Rotary Club, churches,
etc.
Other Resources
Veterans Education Benefits
- The Kansas Commission on Veteran's Affairs has approved VA educational
benefits for all MATC programs. Veterans, reservists, and eligible dependents
requesting benefits must complete the appropriate forms which are available
from MATC, the Department of Veterans Affairs at 888.442.4551, or online
at www.gibill.va.gov.
Agencies
Heartland Works/WIA - Programs for assistance with educational expenses for low income, single
parent, dislocated worker, and displaced homemaker. To apply contact the office in your area:
Manhattan - 785.539.5691, Junction City - 785.762.8870, other KS locations - 785.234.0552Workforce Development Loan Program - Loan forgiveness program for someone currently receiving
federal assistance from a Kansas WIA program or you or someone in your household is receiving SRS
Temporary Assistance for Families cash assistance any time during the past three years. Applications
available through MATC or online at www.kansasregents.org/financial_aid/awards.html.SER Corporation - Provides educational assistance for eligible students who have work
experience or a parent who has work experience in the agriculture area. To apply contact the office in:
Hays - 877.723.4016W.O.R.K.s - Assistance with educational expenses for students who are from an agriculture
background and meet certain income requirements. To apply call 877.577.8725United Tribes of Kansas - Educational assistance programs for students of Native American
decent. To apply contact their office at 785.364.2234
